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please help me with the special jou 4 naljournals. Cash receiptReceipts Journal, Cash Payments Journal, Purchase Journal Sales Journal AR Sub Ledger AP Sub Ledger
please help me with the special jounaljournals. Cash receiptReceipts Journal, Cash Payments Journal, Purchase Journal Sales Journal AR Sub Ledger AP Sub Ledger
At the beginning of November, Madison decides to expand her business by seling fine European muers. The owner ol Batter Biender Supply Co has approached Madison lo become the exclusive distributor of these fine mivers in her state. The current cost of a mixer is $ and Madison plans to sell each mixer for $ Each applance has a serial number and can be easily identified. Madison uses the perpetual inventory system to account for these fine mixers. She also decides to start using special joumals and subsidiary ledgers to help keep track of her new customers and vendors, sales and purchases, and cash flows. Hint: Reler to Chapter to calculate the cost of inventory.
The following transactions occurred during the month of November.
Nor Boughl five mixers on account from Batter Blender Supply Co for $ terms n
Paid freight on the November purchase. Check
Boughl four mixers on account from Batler Blender Supply Co for $ terms
Madison is concemed that there is not enough cash avalable to pay for all of the mixers purchased. She invests an additional $ cash in Sweel Treals.
Paid $ freight on the Noverrber purchase. Ched
Madison issued a check to her assistant for all the help at the elementary school on October : Recall this amount was accrued al the end of October. Check
Paid a $ cell phone bill Hint: Use Utililies Expense Check
Paid Batter Blender the amound due from the November purchase. Check
Collected $ from the October transaction with Newbury Elementary School.
Three mixers are sold to Peter's Pastries on account for $ terms n Invoice Hint You must record both the revenue and expense components on all sales transactions.
Sold three mixers for $ cash.
Paid Batler Blender the amount due from the November purchase. Check
Paid her assistant for the last two weeks of November in the amount of $ Check
Madison withdrew $ cash for personal use. Check
As of November the following adjusting entry dala is available.
A count of baking supplies reveals that none were used in November.
Another month's worth of depreciation needs to be recorded on the baking equipment bought in Oclober.
One month's worth of insurance has expred.
Madison records another month ol accrued interest on her grandma's loan. hegring deat nouth
The hbing rrasedess ocend ding he nonh d Doeerb:
Pai Bater Blenda the anuur dis to the Docenter purctase Chex
Thee rives are sold on amuut tor s coO to the Cop liase, invice lems n lems n
Padas oxl phore billo Dovember. Cled perdintulalte eard dithe ciass.
Pad Garia Co fe anoul dor for the December purchase. Ched
Coleded the anourides fom Chop Hose to the Decertce lansadion
Pucrasedbringsmiesion siEO cast chidi fedradrog Solstaterictop. utilatur?
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